KRAUSE DEADLINE NEXT MONDAY

from the Hammersmith Times 16th June 2004

by Dave McIntyre

American Tim Krause has until early next week to strike a deal that could lead to a boardroom shake-up at Rangers.

Krause, president of Milwaukee Wave, the Wisconsin club QPR entered into a partnership agreement with last year, has been discussing a possible investment or takeover for some time.

He recently paid a £100,000 deposit to keep negotiations open and his deadline is Monday, when Rangers will reassess their options if a deal has not been concluded.

We understand that Krause is not using his own money and rather than being an investor in his own right, instead he is effectively working as an agent by trying to negotiate on behalf of the club with a third party.

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